What is the UK's largest budget
The British are massively increasing their military budget
"The international situation is more dangerous and competitive than at any other time since the Cold War and Britain must stand by its history and its allies," said British Prime Minister Boris Johnson. Therefore "we have to upgrade our resources".
In addition to the targeted military budget, another 16.5 billion British pounds (equivalent to almost 18.5 billion euros) will flow into the British army within the next four years, as Johnson announced. His government had previously agreed to increase military spending annually - depending on the prevailing inflation. Based on current forecasts, this would be an increase of more than 24 billion pounds (around 27 billion euros) over the period of four years compared to last year's budget.
Is currently in precautionary corona quarantine: Prime Minister Boris Johnson
Armament creates jobs
Investments were last at this level 30 years ago, according to reports from London. The money is to be used to finance a new cyber defense unit and space projects, among other things. 10,000 new jobs are to be created. Britain wants to cement its position as a NATO member with the largest military spending in Europe, it said.
The US welcomed the announcement. Great Britain is the United States' most loyal and capable partner, said Acting Secretary of Defense Christopher Miller in Washington. "The increase in spending is a sign of commitment to NATO and our common security."
wa / ml (dpa, rtr)
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